keep as UEM belongs to Khazanah and not any political party. PH need to make sure all GLC profit and not losing money as they need to make sure they have enough revenue to spend since GST will be abolish soon. This is the only way to replace GST as revenue.
johorean8 If RM 60 billion HSR expensive we need RTS and connect until Iskandar Puteri(Nusajaya). 14/05/2018 17:0
Not going to happen, new government want to cater the need at the moment, nusajaya is a desert, any money spend over there will take long to actually see its return
RTS 2 linking 2nd crossing should be cheaper than RM 110 billion HSR should be proposed to avoid causeway traffic congestion or to encourage more commuting to S'pore using railway.
well, who told them to introduce short selling. Short selling in a normal market condition provide liquidity BUT problem is when things goes wrong or some sort of crisis, it can break everything
LEMBAGA TABUNG HAJI 21-May-2018 Acquired 362,800 LEMBAGA TABUNG HAJI 08-May-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 07-May-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 04-May-2018 Acquired 223,800 LEMBAGA TABUNG HAJI 03-May-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 27-Apr-2018 Acquired 35,200 LEMBAGA TABUNG HAJI 26-Apr-2018 Acquired 313,700 LEMBAGA TABUNG HAJI 25-Apr-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 24-Apr-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 23-Apr-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 20-Apr-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 19-Apr-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 18-Apr-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 17-Apr-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 16-Apr-2018 Acquired 500,000 LEMBAGA TABUNG HAJI 13-Apr-2018 Acquired 1,000,000 LEMBAGA TABUNG HAJI 04-Apr-2018 Acquired 1,630,600 LEMBAGA TABUNG HAJI 03-Apr-2018 Acquired 891,400 LEMBAGA TABUNG HAJI 02-Apr-2018 Acquired 354,400 LEMBAGA TABUNG HAJI 30-Mar-2018 Acquired 559,800 LEMBAGA TABUNG HAJI 29-Mar-2018 Acquired 1,000,000 LEMBAGA TABUNG HAJI 28-Mar-2018 Acquired 1,000,000 LEMBAGA TABUNG HAJI 27-Mar-2018 Acquired 332,600 LEMBAGA TABUNG HAJI 26-Mar-2018 Acquired 520,000 LEMBAGA TABUNG HAJI 23-Mar-2018 Acquired 770,000
Now all the UMNO COUNTERS SRART TO REBOUND...BUT THIS STUPID SO CALL GLC CIUNTER NON STOP DROPPINNG..PLEASE CALL UP THE PRESENT GOVERNMENT..WHAT ARE THEY DOIBG.
Where is that conman calvin hiding now...6 month ago he is so lansi one.everyday promote die2 UEMS can fly high.HSR project..now what happened..talk cock talk west la.Now quietly hiding inside cave becoz made many sins to entice people to follow his buy call.MRCB UEMS MPHB have causes many lost money heavily becoz of this conman.You will get your retribution!!
I guess he is now shitting badly with his mamipoko pampers.Maybe he is also suffering from.huge losses due to his arrogance misleading info.Go fly kite la now Calvin.What is ur stands now on all of ur recommendations?Keep for urself next time.Dont dupe others to be part of your lies!!
UEMS is now trading at RM0.695 as opposed to its NTA RM1.51 per share. This translates to Price to Book of 0.46 times. The value investors will notice the values in this company and start to invest in this company.
UEM Land-Sunrise merger allows Sunrise to be part of potential regional player, says Tong The Editor TheEdge
November 04, 2010 13:09 pm +08
KUALA LUMPUR: The proposed acquisition of Sunrise Bhd by UEM Land Holdings Bhd will enable Sunrise to realise its value over a shorter period of time while allowing it to be part of a potential regional player, said Sunrise executive chairman Datuk Tong Kooi Ong.
"The acquisition will substantially enhance the capital structure and allows Sunrise to generate more sustainable earnings with possibility of new businesses," said Tong during a press conference following the announcement of the proposed acquisition on Thursday, Nov 4.
He cited Singapore-based CapitaLand Ltd, one of Asia's largest real estate companies, as an example of a successful merger that took two local players to the global stage. DBS Land and Pidemco Land merged in 2000 to form CapitaLand Ltd.
"Realistically, for me alone to try to turn Sunrise into a global player like CapitaLand would take the rest of my life. This way, it allows Sunrise to be part of a company that can compete regionally and globally," said Tong.
UEM Land had announced the proposed a conditional voluntary general offer to acquire Sunrise at RM2.80 per share or about RM1.39 billion on Thursday morning. The merged entity will have a landbank of about 12,000 acres and a combined asset base of about RM5 billion.
Tong along with Datuk Allan Lim Kim Huat and Tan Sri Tan Chee Sing have given their irrevocable undertakings to accept the offer in respect of their stakes totaling 40.3% in Sunrise.
"This is an indication by us to the shareholders and the public that we believe in the potential of this deal and that it makes sense," said Tong.
He acknowledged that the question of business "culture clashes" was foremost in his mind when the offer was first made, and stressed that it was crucial to the success of the new entity to retain the talents of both companies.
"What we will try to do is not to force a merger and allow the employees in the two companies to work parallel to one another. Over time and with more interaction, both parties will feel more comfortable. Hopefully, this will diffuse a lot of potential human issues that may arise," he added.
Also present at the press conference called by UEM Land were UEM Group Bhd group managing director and chief executive officer Datuk Izzaddin Idris and UEM Land managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim.
Izzaddin said that one of the driving factors for the acquisition is the talent theat Sunrise possesses. "We have to give recognition to Sunrise's employees for all they have achieved. We see universal values in both companies such as quality service and products. There are bound to be noises along the way but we think we can keep that minimal," he said.
Meanwhile, Wan Abdullah said the acquisition will allow UEM Land to participate in Sunrise's development in the Klang Valley, including in Mont Kiara, in the KLCC area and in Shah Alam. Sunrise, on the other hand, will be able to partake in UEM Land's developments in Nusajaya in Iskandar Malaysia, Johor.
"We are basically a township developer, and Sunrise has the expertise and proven track record in high-rises and integrated developments, so both companies will complement each other," said Wan Abdullah.
If the offer is successful, UEM Land will retain the Sunrise brand and its employees. Tong will remain as chairman of Sunrise, while Wan Abdullah will assume the position of managing director of Sunrise. Izzaddin will be appointed to the board of Sunrise.
Tong will also be named a director of UEM Land, and chair the Development Committee of both UEM Land and Sunrise.
The offer price of RM2.80 per share represents a premium of 30.4% to the one month volume weighted average price of Sunrise shares up to Nov 2, after taking into consideration the interim dividend of RM0.20 per share announced by Sunrise on Nov 3.
The proposed acquisition will be undertaken via a conditional voluntary general offer and as part of the terms, shareholders of Sunrise can elect to receive either 1.33 new UEM Land ordinary shares of RM0.50 each at RM2.10 per share, or 2.8 redeemable convertible preference shares (RCPS) at an issue price of RM1.00 per RCPS.
The RCPS are convertible into UEM Land shares at RM2.30 per share at anytime during the tenure of the RCPS, and are redeemable at 100% of their issue price only at maturity.
The offer is conditional upon UEM Land receiving acceptance of more than 50% of Sunrise shares from its shareholders. Upon successful completion of the offer, UEM Land will seek to delist Sunrise should it not have the requisite public shareholding spread to maintain its listing status on Bursa Malaysia.
The exercise is expected to be completed in the first quarter of 2011.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Simon Loh
255 posts
Posted by Simon Loh > 2018-05-14 15:54 | Report Abuse
ya..I think UEMS not much related to BN. More like Government Counter, maybe due to investigation on someone in Lembaga Tabung Haji?